Core Viewpoint - Counterpoint Research anticipates Nvidia's revenue to grow by 52% year-over-year and 4% quarter-over-quarter, with gross margins remaining above 70%, although slightly down from last year due to uncertainties in key markets [5]. Company Overview - Counterpoint Research is a global market research firm focused on the technology ecosystem, providing services to clients ranging from smartphone OEMs to chip manufacturers and large tech companies [4]. - The firm has a team of experienced analysts covering various roles, offering comprehensive services including market data, industry insights, and strategic consulting [4]. Revenue and Growth Projections - Nvidia's data center business is expected to contribute approximately 88% of total revenue, with growth rates aligning closely with overall revenue growth [5]. - The automotive and robotics computing solutions are projected to grow significantly, although their growth is from a smaller base compared to the data center business [5]. Market Dynamics - The recent US-China export agreement alleviates some pressure on Nvidia's market access, as most products are produced in China, providing a substantial semiconductor opportunity worth billions annually [5]. - Despite the current lack of large-scale monetization in the end market, capital expenditures from hyperscale cloud providers and sovereign capital remain robust, driving demand for AI infrastructure [5].

Group 1 - The core viewpoint is that the U.S. television import volume has significantly decreased due to tariff pressures, with a 16% year-on-year decline from January to June, and a staggering 71% drop in imports from China during the same period, culminating in a 99% decrease in June alone [2][6]. - The prices of large-size LCD panels have reached a 1.5-year low, with a 4% month-on-month decline in July for the 55-inch Open Cell panels, priced around $122, and a 6% decline for the 32-inch panels, priced around $34 [4][6]. - The global shipment volume of LCD panels for televisions has dropped to 57.86 million units in Q2, a 9% decrease from Q1, marking the lowest level in six quarters [6]. Group 2 - The operational rates of LCD panel factories have sharply declined, with rates dropping from 88% and 86% in March and April to 81%, 80%, and 80% in May, June, and July respectively [6]. - There is an expectation that LCD panel prices may continue to decline in August, as the market adjusts to reduced demand following the initial surge in purchases due to tariff concerns [7]. - The shift in television manufacturing from China to Mexico is notable, with Mexico's share of U.S. television imports rising from 40% in 2018 to 59% in the first five months of 2025, while China's share plummeted from 55% to 8% [7].

Core Insights - The WAIC 2025 highlighted the importance of global cooperation in AI governance, with China proposing the establishment of a global AI governance body and releasing a framework with 13 cooperation points [2][3]. Group 1: AI Safety and Governance - Geoffrey Hinton emphasized the potential risks of AI, suggesting that humans could become akin to "poultry" if AI systems operate independently [3]. - Hinton's visit to China signifies the necessity of China's involvement in addressing AI governance and safety issues, aligning with the multilateral AI governance framework signed with representatives from Europe, Southeast Asia, and parts of Africa [3]. - The conference shifted focus from merely accelerating AI development to emphasizing safety principles and multilateral dialogue [3]. Group 2: Alibaba's AI Innovations - Alibaba launched three high-performance open models and a new AI smart glasses product at WAIC 2025, reinforcing its open-source AI strategy [4][5]. - The smart glasses are lightweight, screenless, and integrated with Alibaba's Qwen model, aiming to embed AI into daily interactions [5]. - This move positions Alibaba's open-source models as competitive against both domestic and international counterparts, transforming open-source competition into a platform battle [5][8]. Group 3: Unitree Technology's Robotics - Unitree Technology introduced the R1 humanoid robot, designed for general tasks with dynamic movement and real-time perception capabilities, priced at approximately $5,600 [6][9]. - The R1 targets a broader audience, including developers and research institutions, rather than just enterprise clients, marking a shift towards accessible robotics [6]. - This pricing strategy poses a competitive threat to Tesla's humanoid robot ambitions, as Unitree's offering is significantly cheaper and aims to democratize access to robotics technology [9].

Group 1 - The ninth Micro Semiconductor Conference was held in Shanghai, focusing on the impact of artificial intelligence on the semiconductor industry and its transformation potential [1] - The conference featured over thirty top analysts and industry experts discussing geopolitical factors, tariff barriers, supply chain restructuring, and technological breakthroughs [1] - A special session titled "Towards 2030 - AI-Driven Everything" highlighted how AI is reshaping key technology links and emerging applications in the semiconductor sector [1] Group 2 - The cloud segment of the large model ecosystem has developed well and is showing a trend towards edge computing [1] - Neil Shah from Counterpoint Research stated that generative AI is reconstructing the semiconductor value chain through "cloud-edge collaboration," with edge devices expected to drive large-scale deployment in AI smartphones, PCs, and automotive sectors [1] - Mike Demler emphasized that advancements in algorithms, processors, and software have made devices capable of running machine learning and AI applications widespread across the computing field [1] Group 3 - Mike Demler noted that the concept of "edge" is becoming obsolete, as AI computing knows no boundaries, with AI models migrating from cloud data centers to low-power MPUs and MCUs [2] - Karl Weaver from Newport Technologies highlighted that the Asia-Pacific region is becoming a core battleground for AI chip supply chain restructuring, facing challenges such as supply chain resilience and technological bottlenecks [2] - Peter Lendermann from D-SIMLAB Technologies emphasized the role of AI and digital twins in optimizing production processes within smart factories [2] Group 4 - Jens Hsu from Semi Vision pointed out that AI is driving significant transformations across various industries, including autonomous driving and smart cities, redefining automation in manufacturing, agriculture, healthcare, and consumer sectors [2] - The integration of AI is expected to advance high-performance computing, I/O bandwidth, advanced packaging, substrate, and sensor development in the semiconductor field [2] Group 5 - Pankaj Kedia from 2468Ventures stated that AI is changing industries by helping entrepreneurs incubate rapidly growing startups and driving innovation within established companies [3] - Ian Cutress from More Than Moore analyzed that the fusion of AI computing demands with optical chip technology represents a paradigm shift, forming a new "photonic-electronic heterogeneous" architecture [3] - The integration of optical chips with AI is seen as a key variable in breaking through computing bottlenecks and reshaping the industry landscape [3]

Group 1 - The 2025 World Mobile Communication Conference in Shanghai focuses on themes such as 5G integration, AI+, industry interconnectivity, and empowering connectivity [1] - Counterpoint Research analysts provided insights on the rapid development of AI hardware and smart devices, emphasizing that smartphones remain irreplaceable [1] - AI terminal devices are expected to divert smartphone usage time, particularly in outdoor navigation scenarios where users may prefer AI glasses over traditional smartphones [3] Group 2 - The competition in AI/AR glasses is primarily centered around hardware challenges, particularly the optical display and chip efficiency [3] - Meta is currently leading the industry due to breakthroughs in key areas, while Google maintains software advantages but lacks in optical display technology [3] - Apple's Vision Pro showcases impressive engineering capabilities but sacrifices user comfort due to its heavy design, which is critical for consumer products [3]

Group 1 - The 2025 Shanghai MWC will focus on key industry topics such as mobile terminals, AI, 6G, satellite communication, and AIoT [1] - Counterpoint's Vice President Neil Shah will participate in the official closing forum hosted by GSMA, discussing major trends and insights in AI advancements, 5G technology development, network integration, and digital transformation strategies [3] - The event aims to explore the transformative trends in the industry, including AI-enabled terminal changes, the vision and key technology research for 6G, the scaling of satellite communication, and new scenarios for AIoT [3] Group 2 - The conference will provide opportunities for industry professionals to engage with analysts and gain insights into the global market positioning and challenges faced by Chinese manufacturers [3] - Counterpoint Research encourages continuous engagement to obtain in-depth insights into the global technology market [4]

Core Insights - The AI 360 seminar hosted by Counterpoint Research focused on the theme of "AI Economy in the Smart Mobile Ecosystem," bringing together 58 global industry leaders to discuss advancements and business opportunities in AI technology [3][29]. Group 1: External Guests and Insights - The seminar featured three external industry guests who provided multi-dimensional insights alongside Counterpoint's senior analyst team [5]. - Key speakers included: - Chen Xiaochun, OPPO AI Technology Strategy Planning Director, discussing AI mobile practices and explorations [6]. - Wang Yang, Vice President of Hong Kong University of Science and Technology, addressing opportunities and talent cultivation in the AI era [7]. - Zhou Shufeng, Vice President of Mianbi Intelligent, presenting on the transition of large models from omnipotent to ubiquitous [9]. Group 2: Roundtable Discussion - A roundtable discussion, moderated by Counterpoint's senior analyst Archie Zhang, explored four core topics: - Technical bottlenecks and evolution directions of AI Agents - Competitive and cooperative relationships among mobile manufacturers, internet companies, and academic institutions in the Gen AI business ecosystem - Strategies for Chinese AI new forces to break through in global competition - Balancing innovation and ethics in AI sovereignty and regulatory frameworks [14][16]. Group 3: Participating Companies - The seminar attracted participation from 44 leading companies across the AI industry chain, covering a complete ecosystem from core hardware to terminal applications [17][19]. - Participating companies included OEMs, semiconductor component manufacturers, display technology firms, optical component manufacturers, ODMs, and representatives from information and communication technology (ICT) and telecom operators, highlighting the cross-domain penetration of AI technology and the necessity for collaborative innovation within the industry [19]. Group 4: Conclusion and Future Outlook - The AI 360 seminar concluded with a call for continued collaboration in building a global platform for AI technology and business, emphasizing the importance of strategic consensus and cooperative momentum for the future of the AI economy [29].

Core Insights - The AI 360 Seminar organized by Counterpoint Research will take place on March 20, 2025, in Shenzhen, focusing on the transformative impact of AI on various industries [1][2]. Group 1: Event Overview - The seminar aims to gather global AI experts to discuss the latest trends and opportunities in the AI ecosystem [2]. - Attendees will have the chance to hear from industry leaders and analysts about the economic value of AI and how to seize development opportunities [2]. Group 2: Featured Speakers - Zhou Shufeng, Vice President of ModelBest, will discuss the evolution of large models in AI, drawing from his 20 years of experience in the tech industry [4]. - Chen Xiaochun, AI Technology Strategy Planning Director at OPPO, will share insights on OPPO's AI mobile practices and explorations, leveraging nearly 20 years of experience in the TMT sector [5]. - Professor Wang Yang, Vice President of Hong Kong University of Science and Technology, will address opportunities and talent cultivation in the AI era, highlighting his extensive research background [6][7]. Group 3: Agenda Highlights - The seminar will feature a series of presentations and discussions, including an opening speech on the AI ecosystem by Peter Richardson, Vice President of Counterpoint Research [9]. - Key topics will include the development of AI ecosystems, opportunities in generative AI, and the economic implications of AI applications [10]. - The agenda includes a mix of keynote speeches, panel discussions, and Q&A sessions, providing a comprehensive exploration of AI trends [10]. Group 4: Registration and Participation - Registration for the AI 360 Seminar is now open, offering limited seats for attendees to engage directly with analysts and industry experts [11]. - The event promises to deliver valuable insights into the AI economy and emerging business opportunities [11].

Core Viewpoint - The global refurbished smartphone market is expected to grow by 5% in 2024, while the new smartphone market is rebounding with a 3% growth after a challenging 2023 [1] Group 1: Market Performance - In 2024, Apple's market share in the refurbished smartphone market increased from 51% in 2023 to 56%, significantly driving the growth of the second-hand market [1][2] - The average selling price (ASP) of global refurbished smartphones decreased from $445 in 2023 to $394 in 2024, reflecting an 11% year-on-year decline [2] - The share of 5G smartphones in the global refurbished smartphone market rose from 28% in 2023 to 42% in 2024 [1][2] Group 2: Consumer Behavior and Trends - The growth in the refurbished market is primarily attributed to the iPhone 11 and iPhone 12 series, as many consumers are holding onto their devices longer, leading to supply constraints [2] - The demand for "as-is" smartphones, which require no technical repairs, increased by 13% in 2024, indicating a shift in consumer preferences towards more durable devices [2] - The second-hand market is expected to stabilize in 2024 due to supply limitations, but a recovery is anticipated in 2025 as devices purchased during the pandemic peak enter the replacement cycle [3]

Core Viewpoint - The article emphasizes the significance of AI as a core driver of industrial transformation, reshaping the economy and creating vast opportunities, highlighted by the upcoming AI 360 seminar organized by Counterpoint Research in Shenzhen on March 20, 2025 [2]. Group 1: Event Introduction - Counterpoint Research will host the AI 360 seminar on March 20, 2025, in Shenzhen, gathering global experts to discuss AI's development, opportunities, and economic value [2]. Group 2: Analyst Preview - Peter Richardson, Vice President at Counterpoint Research, has 27 years of experience in mobile communications, focusing on market analysis and corporate strategy [3]. - Tarun Pathak, Research Director at Counterpoint Research, specializes in the evolving mobile device ecosystem and emerging market research, with 10 years of experience [4][5]. - Ethan Qi, Deputy Research Director for Greater China at Counterpoint, has over 10 years of experience in smart devices and semiconductor analysis [6]. - Archie Zhang, Senior Analyst at Counterpoint, combines industry insights with narrative skills, previously working as a journalist for the Financial Times [7]. Group 3: Past Event Review - Previous seminars attracted numerous representatives from various fields, showcasing the event's strong influence and appeal within the industry [8]. Group 4: Ticket Information - Early bird tickets for the AI 360 seminar are now available, offering opportunities for one-on-one discussions with analysts to explore AI frontiers and business opportunities [9][10].